Heartland Advisors Inc. Sells 600 Shares of National Storage Affiliates Trust (NYSE:NSA)

Heartland Advisors Inc. lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 0.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 440,500 shares of the real estate investment trust’s stock after selling 600 shares during the quarter. National Storage Affiliates Trust comprises about 0.9% of Heartland Advisors Inc.’s holdings, making the stock its 28th biggest position. Heartland Advisors Inc.’s holdings in National Storage Affiliates Trust were worth $16,699,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of National Storage Affiliates Trust by 5.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 90,880 shares of the real estate investment trust’s stock worth $3,445,000 after purchasing an additional 4,650 shares during the period. New Age Alpha Advisors LLC purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth $1,449,000. Norges Bank bought a new position in National Storage Affiliates Trust during the fourth quarter valued at approximately $26,737,000. WINTON GROUP Ltd purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $5,055,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of National Storage Affiliates Trust by 5.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 47,570 shares of the real estate investment trust’s stock valued at $1,819,000 after acquiring an additional 2,541 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael J. Schall purchased 4,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NSA stock opened at $38.33 on Friday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 22.41 and a beta of 1.07. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The business’s fifty day simple moving average is $37.74 and its two-hundred day simple moving average is $41.13.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NSA shares. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Barclays lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird decreased their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.06.

National Storage Affiliates Trust Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.